Tata Power Unit TP Solar Bags Contract for Solar Modules Worth ₹632 Crore

One of the leading integrated power companies in India, Tata Power Company Limited is involved in the production, distribution, and transmission of electricity. The company is a prominent part of the prestigious Tata Group and has a strong presence in the conventional and renewable energy sectors.

Order Details

On February 27, 2025, Tata Power Ltd. announced that Tata Power Renewable Energy Ltd’s (TPREL) wholly-owned subsidiary, TP Solar Ltd, has secured a prestigious contract from the Solar Energy Corporation of India (SECI) for the supply of 292.5 MWp domestic content requirement (DCR) solar modules.

Project Awarded Under The CPSU Scheme Tranche-III

Awarded under the CPSU Scheme Tranche-III, this project reaffirms TP Solar’s unwavering commitment to propelling India’s transition towards renewable energy. Valued at approximately ₹632 crore, the contract entails the supply of high-quality DCR modules to the designated site in Ramagiri, Andhra Pradesh.

This initiative forms a crucial part of SECI’s broader 400 MWp tender, which underwent a rigorous competitive bidding process followed by an e-reverse auction. TP Solar successfully secured 292.5 MWp out of the total 400 MWp DCR module allocation.

Statement From Management 

Sivakumar V Vepakomma, Director (Power System), SECI, stated, “The CPSU Scheme is an instrumental initiative designed to fortify domestic solar manufacturing and enhance India’s energy security. By entrusting this contract to TP Solar, we are making a significant stride towards fostering self-reliance in the solar sector and ensuring that large-scale renewable projects are powered by superior-quality, locally manufactured modules.”

Tata Power Q3 FY25 Results

Tata Power reported strong Q3 FY25 results, with a 10% YoY rise in consolidated net profit to ₹1,188 crore and a 2% revenue increase to ₹15,118 crore. EBITDA grew 7% to ₹3,481 crore, while the renewable energy segment saw a 59% surge in PAT to ₹214 crore, expanding clean energy capacity to 6.7 GW. Its advanced solar manufacturing facility in Tamil Nadu is now fully operational, producing over 2.4 GW of solar modules in the first nine months of FY25.

Share Price Performance 

At 9:29 AM on February 28, 2025, Tata Power Company Ltd. shares opened 1.49% down at ₹338.20 per share on the NSE.

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